Courting Catastrophic Failure

Will Managers Ever Learn?

From BP’s Deepwater Horizon disaster, to deadly component failures at image alt textToyota and GM, to technological meltdowns at major stock market participants likeKnight Capital (now KCG Holdings), Goldman Sachs, and NASDAQ, catastrophic failures have devastating effects on the environment, businesses, and customers. And the potential for failures of this kind is growing as both the complexity of our systems and the probability of extreme “trigger” events increase.

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